collections & score
Date: Wed, 06/27/2007 - 17:52
I am going to try to buy a house soon. I have 4 accounts in collections at the same place. I spoke with the lady who handles my accounts and she agreed to signing a letter stating that if I pay all 4 in full, they'll be deleted from my credit reports. Does anyone know about how much this should improve my score? It's a lot of money (around $6000), but I need a higher score to qualify for a loan. If you have any idea how much a collections account being removed (or added) changes a score please let me know. Thanks.
Check with the original creditor also on how are they going to r
Check with the original creditor also on how are they going to report your account to the bureaus. It's good for you if the collection company is willing to remove the negative item from your credit. Make sure that you have the commitment from them in writing before sending your money.
